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Mind Your Own Business
October, 2023 - Issue #224
courtesy of Shutterstock
courtesy of Shutterstock

October is Estate Planning Awareness MonthEach October in the United States is National Estate Planning Awareness Month. Why is there an entire month set aside for this?
We work hard during our lives to make a comfortable living for ourselves and our family. Often, comfortable living includes a home, car, possessions and sufficient savings for retirement.
Simply put, without an estate plan, all the important decisions about what to do with your assets, your children, health and more are left to the court. With an estate plan, you can give someone you trust to make decisions on your behalf and direct them how to distribute your assets outside of probate.
If you have not yet created an estate plan, you aren't alone. An estimated 64 percent of adults do not have any estate plan in place. The biggest reason people delay getting an estate plan together is that they believe they will be able to make one later. Unfortunately, none of us know what the future holds or how much time we may have.
Take advantage of Estate Planning Awareness Month by committing to getting your estate plan together.
Speak with your family and close friends about your wishes. But most importantly, make that appointment to see a professional who will make your plan legally viable.
Law Attorney Michael Yeager 471-2177
courtesy of Shutterstock (left)
courtesy of Shutterstock (left)

Brent's Carpet One Celebrates 44th Anniversary with Clearance Sale of the Season
Since 1979, Brent's Carpet One Floor & Home in Newhall has served the flooring and home renovation needs of the greater Santa Clarita Valley and beyond. Owned and operated by the Griffiths family, their goal is for you to be 100 percent satisfied from start to finish.
brentscarpetone.com

The EQS Sedan is as Intelligent as it is Stylish Test Drive Yours at Mercedes-Benz of Valencia
Advanced power electrifies truly modern style, but the EQS Sedan is designed around you. Taut like an archer's bow, the shape optimizes comfort and aerodynamics. Elegantly futuristic details captivate the eye, yet the wind barely notices the EQS sneaking through. With technology that's tailored to serve all onboard, it listens and can tell who's speaking, learns your face and fingerprint and adapts to your habits, attends to your comfort and anticipates your needs like no other EV.
Mercedes-Benz of Valencia 753-5555
courtesy of Shutterstock (right)
courtesy of Shutterstock (right)

The Wait is Almost Over for Acura's All-electric ZDX
Making its global debut at several premier events during Monterey Car Week this summer - one of the world's top gatherings of automotive and motorsports enthusiasts - Acura's all-electric ZDX marks an important step on the brand's accelerated path to a 100-percent electrified lineup.
Signifying Acura's transition to a zero-emissions future, this model demonstrates the brand's commitment to its legendary Precision Crafted Performance in the electrified era.
Known for pushing forward-thinking designs, the driver-oriented cockpit inside the ZDX features high-end materials, premium features and expansive intuitive technologies.
Built upon a state-of-the-art electric vehicle platform with a flexible battery architecture, a low center of gravity and near 50/50 weight distribution, the all-electric ZDX expands Acura's lineup of premium performance SUVs.
Pre-sale activities for ZDX will start later this year, with first client deliveries slated for early 2024. Interested clients are encouraged to sign up at Valencia Acura to get early access to new information and details on reserving a 2024 Acura ZDX.
Valencia Acura 255-3000

Preparation is the Key to Success
Divorce requires a lot of time and energy and part of that time and energy is spent putting together required paperwork and gathering important documents with key information.
Because part of the early stages of divorce involves putting together a list of assets and debts, you should start preparing documents related to your finances. These documents can include the following specific statements: income tax documents, including tax returns, W-2s and documents outlining other sources of income; bank statements; credit card statements; retirement account statements, including 401(k) statements and IRA statements; brokerage account statements; and documents detailing anything in digital wallets such as cryptocurrencies or non-fungible tokens.
Be advised that you can also prepare documents that detail information related to your spouse's finances. Many assets, such as cars or real estate, cannot be transferred to another party without the official paperwork proving ownership.
You can gather these important documents in advance of a divorce and these documents may include the following: vehicle titles and registration, including cars, boats or other motor vehicles; real estate titles; and documents showing ownership of a collectible, piece of jewelry or other tangible assets.
If there is any debt attached to these assets, you should be prepared to disclose that information as well. The failure to list all assets and debts can lead to serious consequences.
Personal information documents may be needed at some point in the future. These documents may include the following: marriage certificate; birth certificates; and social security cards and driver's licenses or other proof of identification.
If you don't know where to begin, be sure to ask your legal team how you should best proceed. They are prepared to help you work through your divorce at any point in the process.
Denise Lite, Esq. 877-317-8080
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